Last week, 2 S-chips stocks were suspended over what was called “accounting irregularities” on the SGX. Now for those of you who do not know what it is, S-chip stocks are companies based in China who are listed on the Singapore Exchange (SGX).
Now some of you in the know will probably be wondering, “So what’s new? S-chip stocks getting suspended is almost expected.”
You are right. It is nothing new. There are around 10-15 S-chip stocks who were suspended for one reason or another since Chinese companies began listed on the SGX. So much so that I, and many others, don’t even bother to look at S-chip stocks anymore. The suspension of the 2 companies barely made news in the market.
So frankly those people who lost money on the 2 suspended S-chip stocks; sorry for your loss but you guys should have done your homework.
The truth is this; winning and losing money is part and parcel of stock trading and trading in S-chip stocks is more dangerous than most other stocks. No one can stay they don’t know the danger of trading in S-chip stocks. If they do, then it’s a case of they not doing their homework. And if you go into the market blind, not knowing what stocks you are trading in…sorry but you can only blame yourself if you lose money on them.
Ultimately, it's your fault.